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The Consumer Financial Protection Bureau ("CFPB") has concluded its third year. Created under the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act"), the Bureau has taken significant steps to define its role in the consumer financial services industry and to establish itself as a major regulatory player. There's no doubt that as the CFPB has grown, it has had a significant impact on the consumer financial services industry, by adopting new industry-shaping regulations, better defining the voice of the consumer, and exercising supervisory and enforcement authority over players in the consumer financial services industry. The proof is in the pudding: banks and nonbanks, in order to meet CFPB expectations, have increased their focus on the full life cycle of their products and services, enhanced compliance measures, and consumer-centric policies. This engaging webcast will delve into the three-year history of the regulatory agency and examine some of its more notable regulations and enforcement actions since its inception.
Jonathan Pompan, Partner, Venable LLP
Alexandra Megaris, Associate, Venable LLP
Kristen Brown, Associate, Venable LLP
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